Jane requested a loan from a bank amounting to P405,630 to continue her small business. But she only received 83.84% of the loan as the bank collected the interest at the time money is requested. If...

Jane requested a loan from a bank amounting to P405,630 to continue her small business. But she only received 83.84% of the loan as the bank collected the interest at the time money is requested. If the agreement will mature after 12 years and 4 months: Determine the Simple interest, simple discount rate, total interest accumulated at the end of the year.

Jun 08, 2022
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